HONG KONG -- Struggling Chinese property developer Country Garden Holdings is set to propose plans that would spread out the redemption of a privately placed bond totaling 3.9 billion yuan ($535 million) over a three-year period, Chinese news media reported.
China debt crunch
China's Country Garden to propose delaying $535m debt redemption
Embattled developer seeks to reach workout plan with creditors
The debt crisis at Country Garden has raised fears of widening real estate sector woes. © Reuters
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